"Our government would spare no efforts to support the captains of industries of all sectors as investments result in economic development of the state and generate employment opportunities," Siddaramaiah said while speaking at an event of Bangalore Chamber of Industry and Commerce.
    
"Karnataka will be made as most ideal and preferred destination for investments. I assure that our government will be industry friendly and investor friendly," he said.
    
Stating that the industrial sector contributed 26 percent and services sector 59 percent to the state's GDP, apart from employment generation, he said, "Our focus is on encouraging industry and services sector."
    
Department of Industries and commerce is striving hard to bring more investments into the state, he said.
       
Pointing out that state has brought various sector wise policies to facilitate investment; Siddaramaih said, "We were first in the country to bring policies in sectors like aerospace, animation and gaming."
    
"We have also formulated a new textile policy for 2013-18 and a new policy for information technology to give a fillip to the exports of both software technology and hardware technology in next seven years," he added.
    
Noting that the current industrial promotional policy comes to an end by March 31, 2014, he said that a new comprehensive policy would be put in place to enable creation of ideal ecosystem for accelerated growth of industries.
    
To ensure that process of setting up industry in the state was hassle free, 'e-Udyami' portal as been launched for approval of projects online.
       
"This facilitates us and entrepreneurs to track progress of the implementation of the projects online and to address the delay, as time is money for the investors. This would probably be a unique and first of its kind facility for investors in the country," he added.

(Agencies)

Latest News from State News Desk